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Russian Internet users spent $ 5 billion on overseas purchases

  • Published in Society

In the first half of 2018, Russian Internet users spent $ 5 billion on overseas purchases, RBC reports.

The Central Bank says that it is 24% higher than the level of January-June last year. In the first quarter there was a peak of expenses: overseas online purchases reached 2.72 billion dollars (an increase of almost 35%), in the second quarter they fell to 2.48 billion dollars. However, this is 13.8% higher than last year’s level.

The Central Bank predicts a further increase in online purchases abroad, despite the long-term weakening of the ruble against the dollar and the euro amid a backdrop of new US sanctions.

E-commerce Association has already revised the forecast for the entire 2018. Earlier, E-commerce Association estimated the total spending of Russians in foreign online stores in 2018 at 470–480 billion rubles ($ 6.9–7.3 billion at the current exchange rate). Now E-commerce Association predicts $ 11–12 billion.